Carmel is a small city in Indiana with just under 89,000 residents. The city's population, with an average age of just under 38, is younger than most cities in Indiana. Renters tend to be in the minority in the city, and 78% of residents own their homes. The average rent for Carmel is $418/month more than the state average.
Compared to the national average (7%), Carmel has a large number of residents over the age of 25 who have advanced degrees, as 15% possess a Master's degree or a Doctorate. Further, 28% have earned a Bachelor's degree, which also outpaces the national average. Workers are spread across a wide range of industries in Carmel, the most common five of which are scientific, manufacturing, healthcare, retail, and education. Together, these industries account for 33% of the city's workforce. Meanwhile, looking at job function, 12% of the city's population works in management, making it the top profession in the city. Carmel workers earn an average annual income of just over $120K, fifth-highest in Indiana. The city's average income also compares favorably to the national average of $73,345.
Carmel has an average commute time of about 26 minutes. Many residents (46%) commute to work by car, while public transportation isn't extensively used. Walking isn't a common means of commuting to work.